New York, Jan 8, 2026, 14:48 (EST) — Regular session
- BMNR shares rose about 3% in afternoon trade as investors digested MSCI’s latest stance on crypto‑treasury firms.
- MSCI said it would not move ahead, for now, with an exclusion plan tied to February’s index review.
- BitMine’s shareholder vote on a major authorized-share increase is due next week.
Shares of BitMine Immersion Technologies, Inc. (BMNR) were up 3.1% at $31.30 in afternoon trading on Thursday, after swinging between $29.20 and $31.66. The move comes after MSCI dropped a plan to exclude so‑called digital‑asset treasury firms from its indexes.
Crypto‑treasury firms — often called digital asset treasury companies, or DATCOs — have become a traded proxy for bitcoin and ether, the token used on the ethereum network, and index eligibility can matter because passive funds track those benchmarks. Owen Lau at Clear Street said MSCI’s move “removes a material near-term technical risk,” but JonesTrading’s Mike O’Rourke said “exclusion is postponed until later in the year.” Lau added the “most likely middle ground” is MSCI will “grandfather existing DATCOs already in the Indexes.” Reuters
MSCI said it will not implement its proposal to exclude digital asset treasury companies from the MSCI Global Investable Market Indexes as part of the February 2026 index review, and plans a broader consultation on how it treats non-operating companies. It also said it will not increase the share-count and inclusion factors it uses in index weightings — its “NOS,” “FIF” and “DIF” — and will defer additions or size-segment changes for securities on its preliminary list. MSCI
BitMine appears on MSCI’s preliminary list of potentially impacted securities — companies flagged because digital-asset holdings were assessed at 50% or more of total assets — alongside names such as Strategy, MARA Holdings and Riot Platforms. The list, based on data as of late 2025, labeled BitMine as a non-constituent in MSCI’s All Cap universe at the time.
Trading in these names has stayed choppy. Stocktwits reported BitMine shares jumped 2.3% in after-hours trade on Tuesday after MSCI’s update, alongside gains in other crypto‑treasury stocks.
Bitcoin was down about 0.14% at around $91,001 on Thursday, while ether fell roughly 1% to about $3,114. Those moves often set the tone for BitMine and other crypto‑linked equities, even when the catalyst starts as an index-policy headline.
A separate, closer catalyst sits on BitMine’s calendar. In a Jan. 2 filing, the company urged shareholders to approve a charter change at its Jan. 15 annual meeting that would lift authorized shares — the ceiling on stock it can issue — to 50 billion from 500 million; the proxy deadline is Jan. 14. Chairman Tom Lee said the change “would enable the Company to implement future stock splits as needed.” SEC
But the setup cuts both ways. BitMine describes itself as a bitcoin-and-ether network company focused on accumulating crypto, so a sharp pullback in token prices can hit both its balance sheet and the stock, while MSCI’s broader review keeps questions around index treatment alive.
What traders watch next: any further MSCI guidance as it prepares that broader consultation and moves toward the February review, plus BitMine’s Jan. 14 proxy deadline and Jan. 15 meeting. The company’s next earnings report is scheduled for Jan. 28.
